Oregon Venture Fund

Oregon Venture Fund, established in 2007 and based in Portland, Oregon, is a prominent venture capital firm dedicated to supporting startups and early-stage growth companies primarily located in Oregon and Southwest Washington. The firm invests across a diverse range of sectors, including energy, healthcare, consumer products, technology, and life sciences, among others. It typically commits between $500,000 and $4 million per investment round, with an annual investment of approximately $15 million. Oregon Venture Fund focuses on nurturing innovative businesses that demonstrate high growth potential, aiming to create significant job opportunities within the region. With a portfolio that has led to the creation of over 4,200 jobs, the firm is recognized as one of the most active and effective venture funds in North America.

Alline Akintore

Partner

Drew Bernard

Partner and Investor

Lynn Fletcher

Partner, Operations and Investor Support

Deepthi Madhava

Partner

Jon Maroney

General Partner, Connecting and Cultivating

Rany Raviv

Venture Partner

Drew Smith

Partner

Ethan Smith-Gillespie

Member and Investor

Stewart Yaguda

Investor

Past deals in Oregon

Source

Series A in 2023
Krowdsourced Inc., operating as Source, is a Portland-based company that provides a comprehensive platform for the commercial construction industry. Established in 2018, Source connects professionals, including architects, designers, owners, and contractors, with manufacturers and product representatives to facilitate the sourcing of materials and solutions. The platform offers access to a wide array of resources, including finished samples, product pricing, technical documents, and project research assistance. By enabling users to discover and order building materials, finishes, fixtures, and other architectural and interior products, Source enhances collaboration within the commercial design sector. Additionally, the platform allows manufacturers to upload their product and sales representative information, thereby streamlining the communication process and improving overall efficiency in the construction supply chain.

Sila

Series A in 2021
Sila Inc., established in 2018 and based in Portland, Oregon, specializes in developing banking and payments infrastructure for software teams. It offers Sila, a comprehensive API suite enabling user identification, bank account connection, and secure money transfers using stablecoin technology. The company's platform facilitates rapid integration of financial services into applications, with a focus on compliance and fraud prevention.

Cloud Campaign

Series A in 2021
Cloud Campaign, Inc. is a software company that provides a social media management platform specifically designed for marketing agencies. Founded in 2017 and headquartered in Portland, Oregon, with an additional office in San Francisco, the company enables agencies to efficiently manage multiple brands on social media. Its platform offers features such as simplified content scheduling, in-depth analytics, automated client reporting, and collaborative workspaces, which help agencies streamline processes like client approvals and content creation. By enhancing operational efficiency, Cloud Campaign allows marketing agencies to manage more clients effectively, optimize their service offerings, and increase profitability.

Bumped

Series A in 2020
Bumped, Inc. is a technology company based in Portland, Oregon, that offers a unique platform enabling publicly traded consumer brands to reward their customers with fractional shares of stock as loyalty rewards. Founded in 2017, Bumped aims to create one-to-one relationships between brands and their customers by allowing consumers to receive stock or exchange-traded funds in return for their purchases. This innovative approach transforms loyal shoppers into shareholders, granting everyday individuals access to the stock market while simultaneously enhancing brand loyalty. Through its application, Bumped tracks customer spending with participating brands and facilitates the distribution of stock rewards, thereby aligning the interests of businesses and their customers.

Sila

Seed Round in 2020
Sila Inc., established in 2018 and based in Portland, Oregon, specializes in developing banking and payments infrastructure for software teams. It offers Sila, a comprehensive API suite enabling user identification, bank account connection, and secure money transfers using stablecoin technology. The company's platform facilitates rapid integration of financial services into applications, with a focus on compliance and fraud prevention.

Qualtik

Seed Round in 2020
Qualtik, Inc. is a technology company that specializes in developing a platform for commercial real estate portfolio analysis and reporting. Founded in 2019 and headquartered in Portland, Oregon, with an additional office in Austin, Texas, Qualtik's software is designed specifically for commercial lenders, including banks, debt funds, and credit unions. The platform, known as Spark, enables users to manage their commercial real estate and collateralized debt portfolios by providing real-time valuation, stress testing, scenario analysis, and customizable reporting. Qualtik's advanced filtering capabilities allow users to analyze individual loans or entire portfolios, uncover insights, identify risks, and make informed strategic decisions. By collating and organizing real estate data, Qualtik enhances visibility and accessibility, enabling clients to effectively manage their investments.

Qualtik

Pre Seed Round in 2019
Qualtik, Inc. is a technology company that specializes in developing a platform for commercial real estate portfolio analysis and reporting. Founded in 2019 and headquartered in Portland, Oregon, with an additional office in Austin, Texas, Qualtik's software is designed specifically for commercial lenders, including banks, debt funds, and credit unions. The platform, known as Spark, enables users to manage their commercial real estate and collateralized debt portfolios by providing real-time valuation, stress testing, scenario analysis, and customizable reporting. Qualtik's advanced filtering capabilities allow users to analyze individual loans or entire portfolios, uncover insights, identify risks, and make informed strategic decisions. By collating and organizing real estate data, Qualtik enhances visibility and accessibility, enabling clients to effectively manage their investments.

Source

Seed Round in 2019
Krowdsourced Inc., operating as Source, is a Portland-based company that provides a comprehensive platform for the commercial construction industry. Established in 2018, Source connects professionals, including architects, designers, owners, and contractors, with manufacturers and product representatives to facilitate the sourcing of materials and solutions. The platform offers access to a wide array of resources, including finished samples, product pricing, technical documents, and project research assistance. By enabling users to discover and order building materials, finishes, fixtures, and other architectural and interior products, Source enhances collaboration within the commercial design sector. Additionally, the platform allows manufacturers to upload their product and sales representative information, thereby streamlining the communication process and improving overall efficiency in the construction supply chain.

Megh Computing

Seed Round in 2018
Megh Computing, Inc. is a technology company that specializes in real-time analytics, leveraging artificial intelligence to enhance operational efficiencies and reduce risks. Founded in 2017 and headquartered in Hillsboro, Oregon, with an additional office in Bengaluru, India, the company offers a platform that accelerates applications for processing data streams using machine learning and deep learning algorithms. This platform is designed to deliver smart services applicable across various networks, from edge to cloud, enabling users to extract actionable insights in real-time. Megh Computing also provides solutions for video analytics, addressing critical use cases in the retail supply chain. Additionally, it offers a collection of code for developers to implement in field-programmable gate arrays, facilitating deployment in data centers and cloud environments.

Rumpl

Venture Round in 2018
Rumpl Inc. is a company based in Portland, Oregon, that specializes in the manufacturing and marketing of blankets designed for both indoor and outdoor use. Founded in 2013, Rumpl utilizes advanced technical materials to enhance the functionality and durability of its products. The company sells its blankets primarily through online channels, catering to consumers looking for versatile and high-performance options for various settings.

Bumped

Series A in 2018
Bumped, Inc. is a technology company based in Portland, Oregon, that offers a unique platform enabling publicly traded consumer brands to reward their customers with fractional shares of stock as loyalty rewards. Founded in 2017, Bumped aims to create one-to-one relationships between brands and their customers by allowing consumers to receive stock or exchange-traded funds in return for their purchases. This innovative approach transforms loyal shoppers into shareholders, granting everyday individuals access to the stock market while simultaneously enhancing brand loyalty. Through its application, Bumped tracks customer spending with participating brands and facilitates the distribution of stock rewards, thereby aligning the interests of businesses and their customers.

Rigado

Series A in 2018
Rigado Inc. is a manufacturer of Bluetooth low energy modules and a provider of edge-as-a-service infrastructure tailored for commercial Internet of Things (IoT) solutions. The company offers a range of products, including Bluetooth connectivity solutions, evaluation boards, and a firmware package for wireless functionality. Rigado's edge computing capabilities are designed to support applications such as asset tracking and smart buildings, featuring flexible wireless gateways and a containerized computing platform. Additionally, Rigado provides comprehensive product development services, including electrical design, RF and wireless engineering, software design, mechanical design, and industrial design. The company serves various sectors, including health and fitness, kiosks, payment systems, and military research. Founded in 2010 and based in Portland, Oregon, Rigado has established strategic partnerships with several industry leaders to enhance its offerings and facilitate large-scale IoT deployments.

Wildfang

Series A in 2017
Wildfang Co., established in 2013, is a Portland-based fashion retailer specializing in menswear-inspired apparel for women. The company manufactures and retails a wide range of products including tops, bottoms, accessories, and shoes, all designed to cater to women seeking gender-neutral clothing options. Wildfang's online marketplace offers an extensive collection of androgynous styles, empowering women to embrace both masculine and feminine fashion senses.

Rigado

Seed Round in 2017
Rigado Inc. is a manufacturer of Bluetooth low energy modules and a provider of edge-as-a-service infrastructure tailored for commercial Internet of Things (IoT) solutions. The company offers a range of products, including Bluetooth connectivity solutions, evaluation boards, and a firmware package for wireless functionality. Rigado's edge computing capabilities are designed to support applications such as asset tracking and smart buildings, featuring flexible wireless gateways and a containerized computing platform. Additionally, Rigado provides comprehensive product development services, including electrical design, RF and wireless engineering, software design, mechanical design, and industrial design. The company serves various sectors, including health and fitness, kiosks, payment systems, and military research. Founded in 2010 and based in Portland, Oregon, Rigado has established strategic partnerships with several industry leaders to enhance its offerings and facilitate large-scale IoT deployments.

IOTAS

Series A in 2017
IOTAS, Inc. is a Portland, Oregon-based company that specializes in home automation services specifically designed for apartment residents. Founded in 2014, IOTAS installs and configures a variety of smart devices, including outlets, hubs, switches, plugs, and sensors, to create a fully connected smart home environment. The company's platform seamlessly integrates pre-installed hardware with software, allowing residents to control and automate their lighting and devices according to their preferences and schedules. By streamlining the installation process for property developers, IOTAS enhances the attractiveness of multifamily units, enabling property owners to offer modern amenities, reduce utility and management costs, and appeal to prospective tenants looking for advanced living solutions.

Outdoor Project

Series A in 2017
Outdoor Project LLC, established in 2012 and headquartered in Portland, Oregon, operates as a subsidiary of onXmaps Inc. The company runs an online community for outdoor adventure and travel enthusiasts, offering comprehensive content and guides for various human-powered activities such as hiking, camping, kayaking, and more. Its platform provides reliable maps, detailed trip-planning tools, and the ability to book guides and purchase gear, aiming to simplify outdoor adventure planning in the digital age.

Polysync

Seed Round in 2016
Founded in 2013, Polysync Technologies builds solutions to help partners safely accelerate their development, testing, production, and market deployment of driverless vehicle mobility solutions. Automotive engineering services, developers, government agencies, and universities around the world rely on Polysync for autonomous software and vehicle development. Polysync's products are in operation in more than 17 countries, with offices in Portland, OR, Palo Alto, CA, Detroit, MI, and Europe.

Poached Jobs

Venture Round in 2016
Poached Jobs, Inc. is a staffing solutions provider specializing in the food and drink industry through its platform, Poachedjobs.com. Founded in 2011 and based in Portland, Oregon, the company connects hospitality workers with employers, offering a marketplace where job seekers can find both full-time and on-demand shift opportunities. The platform equips employers with tools to manage candidate resumes effectively, allowing them to rate, sort, filter, and make notes on applicants. This functionality helps businesses fill open positions quickly and efficiently, ultimately reducing turnover and associated costs. Poached Jobs serves a diverse range of customers across major cities, including Portland, San Francisco, New York, Chicago, Seattle, Austin, Dallas, Houston, Boston, Denver, Los Angeles, and Washington, D.C.

Bright.md

Series A in 2015
Bright.md Inc. is a healthcare technology company based in Portland, Oregon, focused on developing software solutions for the diagnosis and treatment of low-acuity medical conditions. The company offers SmartExam, an AI-powered virtual care platform that enables patients to receive online care for common health concerns without the need for video consultations. By partnering with leading healthcare organizations, Bright.md provides access to its services for over 10 million patients seeking urgent and primary care from their own devices. The platform facilitates efficient care navigation, triage, and treatment options, allowing patients to address their health needs asynchronously and conveniently. Founded in 2012 as Bright Health Solutions LLC, the company aims to modernize telehealth services for healthcare systems, effectively creating a virtual front door for patient care.

Lumen Learning

Seed Round in 2015
Founded in 2013, Lumen Learning is a Portland, Oregon-based company dedicated to improving educational outcomes by reducing textbook costs. It achieves this through the creation and distribution of affordable digital course materials using open educational resources (OER). Lumen's platform offers interactive learning content, online homework, and personalized feedback, supporting effective teaching practices and enhancing student learning.

Bright.md

Seed Round in 2014
Bright.md Inc. is a healthcare technology company based in Portland, Oregon, focused on developing software solutions for the diagnosis and treatment of low-acuity medical conditions. The company offers SmartExam, an AI-powered virtual care platform that enables patients to receive online care for common health concerns without the need for video consultations. By partnering with leading healthcare organizations, Bright.md provides access to its services for over 10 million patients seeking urgent and primary care from their own devices. The platform facilitates efficient care navigation, triage, and treatment options, allowing patients to address their health needs asynchronously and conveniently. Founded in 2012 as Bright Health Solutions LLC, the company aims to modernize telehealth services for healthcare systems, effectively creating a virtual front door for patient care.

OPAL

Series A in 2014
Opal Labs Inc. is a marketing collaboration platform based in Portland, Oregon, founded in 2009. The company provides an online platform that enables organizations to effectively plan, create, view, edit, and approve their brand marketing content. By promoting alignment among marketing teams, Opal facilitates strategic campaign creation, streamlines the review process, and enhances content management, thereby reducing complexity and breaking down silos within organizations. The platform integrates seamlessly with various distribution methods, allowing teams to work together more efficiently and achieve successful marketing outcomes.

Inpria

Venture Round in 2014
Inpria Corporation is a specialized manufacturer based in Corvallis, Oregon, focusing on the design, development, and production of EUV metal oxide photoresists for the semiconductor industry. Founded in 2007, Inpria has established itself as a pioneer in the use of inorganic photoresists and thin films for nanoscale patterning. The company's patented photo-condensed molecular oxides allow for the direct deposition of atomically smooth, dense, and photopatternable metal oxide films from solution. This innovation enhances performance while simplifying processing. Inpria's products are meticulously optimized to meet industry specifications related to resolution, sensitivity, and line width roughness, offering a comprehensive solution that includes photoresists, developers, and ancillary materials to support advanced semiconductor manufacturing.

Little Bird

Venture Round in 2014
Little Bird, Inc. is an influencer marketing platform based in Portland, Oregon, founded in 2011. The company specializes in providing tools for influencer discovery and engagement, enabling clients to identify key individuals in their industry and connect with them for enhanced brand awareness and social impact. Little Bird's platform allows users to discover and share content from influencers, create targeted influencer lists for social campaigns, and analyze social engagement. The company caters primarily to modern marketers in sectors such as technology, entertainment, and financial services, helping them navigate the complexities of the social web to build social capital, expand their reach, and drive business growth. In October 2012, the company changed its name from Plexus Engine Inc. and, as of November 2016, operates as a subsidiary of Sprinklr Inc.

OPAL

Seed Round in 2013
Opal Labs Inc. is a marketing collaboration platform based in Portland, Oregon, founded in 2009. The company provides an online platform that enables organizations to effectively plan, create, view, edit, and approve their brand marketing content. By promoting alignment among marketing teams, Opal facilitates strategic campaign creation, streamlines the review process, and enhances content management, thereby reducing complexity and breaking down silos within organizations. The platform integrates seamlessly with various distribution methods, allowing teams to work together more efficiently and achieve successful marketing outcomes.

Jama Software

Series B in 2013
Jama Software, Inc. is a developer of a requirements management platform that aids organizations in creating complex products and mission-critical software systems. Founded in 2006 and headquartered in Portland, Oregon, with an additional office in Haarlem, the Netherlands, Jama Software offers Jama Connect, a solution designed to streamline the product development lifecycle from idea to launch. The platform enables detailed impact assessments from a single source, enhancing collaboration and reducing errors associated with disparate data sources. It serves various industries, including aerospace and defense, automotive, consumer electronics, enterprise software and services, financial services and insurance, industrial technology, medical devices, and semiconductors. By managing both operational and strategic elements of product development, Jama Software helps organizations improve product quality, mitigate risks, and accelerate their time to market.

GlobeSherpa

Series B in 2013
GlobeSherpa is a Portland, Oregon-based software company specializing in mobile application development for transit agencies and parking management companies. We strive to be the most innovative provider of mobile software and services that enable our clients to improve operations and better serve their customers. Founded in 2010, we provide a secure technology platform for transit service operators interested in moving to open payments, open data, and mobile fare collection with minimal infrastructure investment. Our team is composed of seasoned software engineers, graphic and user experience designers, and project managers. We focus on application development for native and mobile web applications, as well as server side integration and development of enterprise applications for the transit industry. Using these skills, GlobeSherpa helps transit providers integrate their legacy fare and eFare collection efforts and information technology services with a usable, reliable, and beautiful mobile platform that riders will want and use.

Celly

Seed Round in 2013
Celly, Inc. is a Portland, Oregon-based company that specializes in developing a mobile social network known as Celly. Founded in 2008, Celly provides a versatile platform accessible via Android and iPhone apps, as well as web, email, and text messaging. The Celly solution allows users to create both public and private social networks for various groups, including middle schools, high schools, colleges, businesses, families, and community organizations. Users can join instantly using a text message and can engage in exchanging group messages, conducting polls, sending reminders, and issuing web alerts. Celly is particularly useful for fostering communication among teams, clubs, churches, neighborhoods, and social movements.

Pacific Light Technologies

Seed Round in 2012
Pacific Light Technologies is an early-stage materials company specializing in the production of engineered nanomaterials aimed at enhancing solid-state lighting and display applications. Based in the Portland metropolitan area, the company focuses on developing optical nanomaterials that serve as alternatives to conventional phosphors. By utilizing on-chip quantum dot products, Pacific Light Technologies aims to improve the efficacy of LEDs, enabling higher color quality and efficiency in color-converted lighting solutions. Their core competency lies in the integration of these advanced nanomaterials into consumer products, positioning the company as a key player in the evolving landscape of lighting technology.

The Clymb

Series A in 2011
The Clymb is an online platform and private member network that connects outdoor enthusiasts, athletes and professionals with access to exclusive pricing on premium apparel, footwear and gear from a curated group of outdoor brands. Members join by invitation and shape the network by inviting like-minded peers, while benefiting from member pricing offered through partnerships with brand manufacturers. Founded in 2009 in Portland, Oregon, The Clymb seeks to innovate product distribution for core consumers and to preserve the integrity of partner brands. The business combines a curated shopping experience with expert service and operates as a flash sales platform, enabling customers to pursue a healthy, adventurous and sustainable lifestyle through access to products at substantial discounts without sacrificing quality.

AWS Elemental

Seed Round in 2007
AWS Elemental, founded in 2006 and based in Portland, Oregon, is a leading provider of software-defined video solutions for multiscreen content delivery. The company specializes in software-based video processing that allows for the distribution and monetization of video over IP networks. AWS Elemental's solutions are designed to offer flexibility, scalability, and performance, enabling high-quality video to be transformed into new revenue streams through cloud-based and virtualized deployment models. Serving over 600 prominent media franchises globally, the company assists pay TV operators, content programmers, broadcasters, and enterprise clients in delivering video content seamlessly across various devices. AWS Elemental maintains a global presence with offices in multiple countries, including the United States, the United Kingdom, France, Hong Kong, Singapore, Japan, China, Russia, India, and Brazil.
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